Question
Mr. X deposits ₹10,000 at a simple interest rate of 8% per annum for 4 years. After 2 years, he invests an additional ₹12,000 at the same rate for 3 years in a separate plan. What is the difference in the interest earned from the two deposits?
Difference between interest earned = 3200 - 2880 = 320 More Simple and compound interest Questions
- A certain sum was invested at simple interest. After 5 years, it became (117/ ninety) times the amount it had reached in 3 years. Find the annual rate of i...
- The interest earned by Veer at SI is 24% of the sum invested. If he had invested for 4 years more, then interest received is 150% more than that of earlier...
- An amount of Rs. 'x' is invested at a simple interest rate of 15% per annum and grows to Rs. 14,500 after 3 years. If the same amount Rs. 'x' is instead in...
- A man invested Rs. 15,000 at simple interest of 'x%' p.a. and received Rs. 30,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%' p...
- Rs. 2800 when invested at 8% p.a. for (x + 5) years gives a simple interest of Rs. 4480. Find the amount received when the same sum is invested at 5% p.a. ...
- A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investments be at the end of the 2nd year?
- A sum of ₹8,000 is invested at 10% per annum simple interest for 2 years . What is the simple interest earned?
- An amount of Rs. 4,000 was borrowed at 18% p.a. and another amount of Rs. 6,000 at 12% p.a. as simple interest. The total interest paid after ‘n’ years is ...
- At simple interest, a sum of money amounts to Rs 8,400 in 2 years and Rs 8,800 in 4 years. Find the rate of interest per annum.
- Gaurav invested Rs. 9000 in a compound interest scheme for 2 years at an annual rate of q%. If he received Rs. 1980 as compound interest, find the rate of ...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)